NOV Inc. (NYSE:NOV) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its position in shares of NOV Inc. (NYSE:NOV) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,136,206 shares of the oil and gas exploration company’s stock after buying an additional 17,566 shares during the quarter. First Eagle Investment Management LLC owned 9.80% of NOV worth $556,789,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NOV. UMB Bank n.a. raised its position in NOV by 222.3% during the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 1,612 shares during the last quarter. Quarry LP purchased a new position in NOV during the 3rd quarter worth $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in NOV during the 4th quarter worth $42,000. R Squared Ltd purchased a new position in NOV during the 4th quarter worth $44,000. Finally, Brooklyn Investment Group purchased a new position in NOV during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOV. Piper Sandler upped their price objective on shares of NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI reiterated an “in-line” rating and issued a $18.00 price target (down previously from $25.00) on shares of NOV in a report on Wednesday, January 15th. Royal Bank of Canada increased their price target on shares of NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Barclays raised their target price on shares of NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NOV currently has a consensus rating of “Hold” and an average price target of $19.60.

NOV Trading Down 0.7 %

Shares of NOV stock opened at $14.00 on Friday. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. NOV Inc. has a fifty-two week low of $13.78 and a fifty-two week high of $21.20. The firm’s 50 day moving average price is $15.00 and its two-hundred day moving average price is $15.59.

NOV (NYSE:NOV) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. On average, analysts anticipate that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.14%. NOV’s dividend payout ratio is currently 18.63%.

NOV Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.